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AUTOMOTIVE & TRANSPORTATION | Other Transportation / Motorcycle & Small Engine Vehicles
eicher.in

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Founded Year

1948

About Eicher Motors

Eicher Motors is an Indian manufacturer of motorcycles and commercial vehicles.

Eicher Motors Headquarter Location

Regd. Office: 3rd Floor, Select Citywalk A-3, District Centre, Saket

New Delhi, 110 017,

India

+91-124-4445070

Latest Eicher Motors News

Eicher Motors Q2 Review: Analysts See Healthy Order Book, Chip Supply To Improve

Nov 8, 2021

Supply-chain situation improving; focus on exports yielding results. Realisations grew 15% QoQ in Q2 FY22, driven by pricing actions and favourable mix (higher exports and increased contribution from high value models). Availability of semiconductors has improved since the end of September 2021 and is expected to improve in H2 FY22. Recently launched Classic 350 and upcoming products would help expand addressable markets and drive the next phase of growth for Royal Enfield. Nirmal Bang institutional research Maintains ‘sell’ with a price target of Rs 2,532, apiece, implying a potential downside of 5%. Q2 FY22 revenue came in 13% ahead of broader expectations, led by better-than-expected average selling price growth of 15% QoQ. Gross margin surprised positively with a 40-basis-point improvement on a QoQ basis versus expectations of a 120bps decline, led by price hikes and better mix. Healthy inquiry levels, strong order book and sustained export demand. Company continued its aggressive network expansion plans in the domestic market (added 535 stores in FY21; 49 stores in H1 FY22). Remains constructive on the near-term demand outlook. Dolat capital Upgrades to ‘buy’ from ‘sell’ with a price target of Rs 3,154, apiece, implying a potential upside of 25%. Demand continues to be strong and outstripping supply with a strong order book. Best placed to benefit from urban recovery and increasing premiumisation trend. Gross margin continues to be strong as mix is improving well. Exports showed remarkable growth (+222% YoY) in H1 FY22 as network expansion continues (150 exclusive stores and 650 multi-brand outlets) across geography. VECV continued to deliver sustained growth momentum over three-four years backed by a robust recovery in HD, LMD and bus segments. Despite short-term hiccups, retains positive view on Eicher Motors due to its leadership in the two-wheeler premium segment, strong product pipeline and network expansion. Emkay Global

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